Chase Investment Counsel Corp Invests $256,000 in TransDigm Group Incorporated (NYSE:TDG)

Chase Investment Counsel Corp purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180 shares of the aerospace company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after purchasing an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of TransDigm Group by 26.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after buying an additional 789 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in TransDigm Group by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock worth $23,781,000 after buying an additional 819 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in TransDigm Group by 19.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock valued at $3,446,000 after acquiring an additional 452 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of TransDigm Group by 90.5% during the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TDG. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Morgan Stanley increased their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Stock Down 1.5 %

Shares of TransDigm Group stock opened at $1,354.52 on Wednesday. The company has a market capitalization of $76.16 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 1.87 and a beta of 1.43. The stock’s 50-day simple moving average is $1,368.17 and its 200-day simple moving average is $1,318.02. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last three months. 4.96% of the stock is owned by company insiders.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.